Weak July lending data pulls down China, Hong Kong share indexes

miércoles 13 de agosto de 2014 00:44 GYT
 

* HSI -0.2 pct, H-shares -0.3 pct, CSI300 -0.7 pct

* China banks down after new loan numbers well below forecast

* Gas distributors fall on price hike

* Liquor makers rise as peak season draws near (Updates to midday)

By Grace Li

HONG KONG, Aug 13 (Reuters) - China and Hong Kong shares reversed gains and slipped into the red on Wednesday, after central bank data showed Chinese banks lent far less money than expected in July while money supply growth eased.

Banks in China made 385.2 billion yuan ($62.54 billion) of new yuan loans in July, slowing sharply from 1.08 trillion yuan in June and well below market forecasts of 727.5 billion yuan.

China's total social financing aggregate, a broad measure of liquidity in the economy, was 273.1 billion yuan in July, about one seventh of the 1.97 trillion yuan the month before.

China's main stock index, the Shanghai Composite Index , surrendered a gain of 0.4 percent to end the morning session down 0.6 percent at 2,207.59 points. The CSI300 of the leading Shanghai and Shenzhen A-share listings fell 0.7 percent.   Continuación...